FinTech 3.0 Re-Architecting Financial Market Infrastructure & DeFi: from John Street Capital. “The amount of human & financial capital flocking to DeFi is growing at exponential rates, and it’s an exciting time to be an entrepreneur, builder, investor, and user in the industry. In less than 3-years since the term was initially coined, and four-years since the first product was released, we have $100’s of billions of dollars of capital in the ecosystem, with billions of dollars of value being transferred every day on rails that didn’t exist 5 years ago. Whether it’s programmable money, DEX’s, on-chain identity, democratization of borrowing / lending, access to global liquidity, a truly global, interoperable & instantaneous payment system, the potential permutations are limitless.”
Rita McGrath: “It’s vital to get out to the edges of an organization if you want to really “see” where big changes are happening. It’s one of the reasons so many senior leaders get blindsided by changes they weren’t expecting. The more senior you are, unfortunately, the more your organization will try to prevent you from seeing and hearing the brutal truth. And the more successful one has been in the past, the less eager to hear potential bad news.”
Lord Acton: “We require in an honest man, not submission, but resistance and independence.” [via CafeHayek]
